On Tuesday, Bitcoin fell below USD 100,000 for the first time since June, dropping as low as USD 99,134.
That is more than 20% below its all-time high of USD 126,000 on 6 October 2025.
The role of institutional outflows
According to CryptoSlate, the recent sell-off was driven mainly by heavy institutional outflows from Bitcoin ETFs. In the four trading sessions to 3 November, spot Bitcoin ETFs recorded about USD 1.34 billion of net outflows — for the first time in seven months, institutional buying fell below daily Bitcoin mining output.
A broad crypto market decline
The fall was not limited to Bitcoin; the whole crypto market saw heavy selling:
- Ethereum: down 20.8% in a week
- Solana: down 22.2%
- Dogecoin: down 20.8%
The decline coincided with investor concerns about the sustainability of AI-driven stock gains and uncertainty over the Federal Reserve’s future monetary policy path.
Powell’s remarks and market sentiment
According to Forbes, recent comments by Fed Chair Jerome Powell that a December rate cut is not a given added pressure on risk markets. As a result, many investors are exiting risky assets, including crypto.
Fear and Greed Index at “extreme fear”
According to 99Bitcoins, the Crypto Fear and Greed Index is now in “extreme fear” territory. Analysts warn that institutional demand has weakened sharply and investment and treasury firms face significant losses, as buying pressure can no longer offset Bitcoin’s daily mined supply.
According to experts, if outflows continue, Bitcoin may retreat to support levels of USD 95,000–92,000 in the short term, although some analysts still see a bullish medium-term outlook for the first half of 2026.
